Outset Medical Stock Plummets 47% Following Q3 Disappointment and Revised Annual Forecast
Company Performance: Outset Medical, Inc. reported a 47.06% drop in stock price after weaker-than-expected Q3 2025 results, with revenue of $29.4 million, a 3% increase year-over-year but below analyst expectations.
Financial Losses: The company posted a net loss of $32.7 million, or $0.66 per share, compared to a loss of $27.8 million, or $0.57 per share, in the previous year, with gross margins declining to 10.8%.
Revised Guidance: Outset revised its 2025 revenue outlook to $115-$120 million, down from $122-$126 million, citing slower adoption of its Tablo Hemodialysis System and hospital budget constraints.
Market Reaction: Following the announcement, Outset experienced heavy trading volume as investors reacted to the disappointing results and guidance cut, with the stock's 52-week range being $5.20 - $12.50.
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- FDA Clearance Milestone: Outset Medical's next-generation Tablo platform has received FDA 510(k) clearance, becoming the first hemodialysis system to comply with the latest 2025 cybersecurity guidelines, underscoring the company's leadership in medical technology innovation.
- Cybersecurity Enhancements: The new platform incorporates enterprise-grade cybersecurity at the hardware, software, and cloud levels, designed to meet modern hospital IT standards, thereby enhancing security and reliability for dialysis providers in hospitals and homes.
- Performance Improvements: With modernization of the operating system, hardware upgrades, and software enhancements, the Tablo platform's system performance is significantly improved, expected to extend the time between planned maintenance in high-acuity environments, thus increasing healthcare service efficiency.
- Market Launch Plans: The new platform is expected to begin shipping to customers in Q2 2026, with existing Tablo users eligible for upgrades to this new cybersecurity platform, further enhancing their clinical and financial outcomes.
- Earnings Miss: Outset Medical reported a non-GAAP loss of -$0.69 per share for Q3 2025, missing consensus estimates by $0.03, indicating significant pressure on profitability that could undermine investor confidence.
- Revenue Decline: The company generated $29.43 million in revenue for the quarter, falling short of estimates by $1.27 million, reflecting weak sales growth that may complicate future financing efforts.
- Outlook Revision: Outset Medical revised its 2025 revenue guidance to a range of $115 million to $120 million, down from $122 million to $126 million, signaling delays in closing several large opportunities that could impact long-term strategic planning.
- Stock Plunge: Following the earnings report, Outset Medical's stock price fell by $5.85, or 48.47%, closing at $6.22, highlighting strong market concerns regarding the company's future performance.

- Successful Financing: Osisko Metals has completed a private placement with four strategic investors, issuing 67,666,666 common shares for approximately $32.48 million, reflecting strong market confidence in its future growth.
- Investor Participation: Hudbay Minerals subscribed for 29,166,666 shares for $14 million, while Agnico Eagle Mines invested $12.48 million for 26 million shares, indicating positive sentiment from major mining companies regarding Osisko's long-term potential.
- Equity Structure Changes: Hudbay and Agnico now hold approximately 4.3% and 9.85% of Osisko, respectively, with Hudbay granted rights for future participation, which could influence the company's governance structure.
- Project Advancement Funding: The net proceeds from this financing will be used to advance the Gaspé Copper project, including drilling and technical studies, which is expected to accelerate resource expansion and enhance the company's competitiveness in the copper market.

- Successful Financing: Osisko Metals has completed a private placement with four strategic investors, issuing 67,666,666 common shares for approximately $32.48 million, enhancing the company's financial strength to advance its projects.
- Investor Participation: Hudbay Minerals subscribed for 29,166,666 shares for $14 million, while Agnico Eagle Mines subscribed for 26,000,000 shares for $12.48 million, indicating strong market confidence in the company's future growth.
- Equity Structure Changes: Hudbay and Agnico now hold approximately 4.3% and 9.85% of the company, respectively, with Hudbay granted rights for future participation, potentially impacting corporate governance.
- Project Advancement: The proceeds from the financing will be used to advance the Gaspé Copper project, including drilling and technical studies, which is expected to accelerate resource development and enhance the company's competitiveness in the critical metals sector.

- Financing Scale: Osisko Metals plans to issue approximately 67,666,666 common shares at $0.48 each, expecting total gross proceeds of $32.48 million, which demonstrates the company's strong appeal in the capital markets.
- Strategic Investor Participation: Hudbay Minerals is set to subscribe for 29,166,666 shares, while Agnico Eagle intends to acquire 26,000,000 shares, indicating strong confidence in the Gaspé Copper project and enhancing the company's shareholder base.
- Shareholder Rights Agreement: Hudbay has entered into an investor rights agreement with Osisko Metals, granting it future top-up rights and board representation, which is expected to strengthen its influence within the company and optimize governance structures.
- Use of Proceeds: The net proceeds from this financing will be directed towards advancing the Gaspé Copper project through drilling, permitting, and technical studies, which is anticipated to accelerate project development and enhance the company's competitiveness in the critical metals sector.

- Financing Scale: Osisko Metals plans to complete a non-brokered private placement of approximately 67,666,666 common shares at $0.48 each, expecting gross proceeds of about $32.48 million, which will enhance the company's financial strength to advance its projects.
- Strategic Investor Participation: Hudbay Minerals is set to subscribe for 29,166,666 shares, while Agnico Eagle intends to subscribe for 26,000,000 shares, reflecting strong confidence in the Gaspé Copper project and further solidifying Osisko's shareholder base.
- Shareholder Rights Agreement: An investor rights agreement between Hudbay and Osisko grants Hudbay future top-up rights and board representation, with Hudbay expected to hold approximately 4.3% of shares post-financing, increasing its influence within the company.
- Use of Funds: The net proceeds from this financing will be directed towards advancing the Gaspé Copper project, including drilling, permitting, and technical studies, with the closing expected around December 16, 2025, supporting the company's long-term growth in the critical metals sector.






